Is This Really Free Money?
Yes. While you have to meet certain requirements to receive grants and scholarships, you do not have to pay them back. Literally thousands of grants and scholarships are available to college students.
What’s the Difference?
Grants are usually need-based aid, while scholarships are usually merit-based. Eligibility for need-based grants is determined by your family’s ability to pay for college, with income being one important factor. Other factors might include number of people in your family and number of family members in college. Merit-based scholarships are awarded based on particular talents or achievements. Merit-based aid might be given for academics, sports, arts or leadership, for instance.
Where Do They Come From?
Scholarships and grants can come from government sources or from private sources (such as colleges and universities, nonprofit foundations and religious or service organizations). Notes: Reputable organizations will not charge fees for scholarship searches.